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56 MAGGS STREET WAVELL HEIGHTS QLD 4012

HOUSE FOR SALE

$1,450,000

Estimated Valuation

56 MAGGS STREET WAVELL HEIGHTS QLD 4012 Property Photo
Bedrooms

3

Bathrooms

1

Car Space

3

Land Size

574 m²

Year Built

-

Property Type

House

COMPARE LISTINGS
Added 11 hours ago
Listing Price

Price withheld

Listed By
SB Estate Agents
A stunning example of modern Queenslander renovation, this property perfectly balances original character with high-end contemporary finishes. With 3 bedrooms, a brand-new kitchen/bathroom, and a massive 574m² north-facing block overlooking Maggs Street Park, it offers an exceptional lifestyle for families seeking a turnkey home in a desirable parkside location.

Description

This property at 56 Maggs Street represents a significant value proposition in Wavell Heights, offering a complete transformation of an established home. The exterior is a weatherboard Queenslander style residence that has been completely repainted with new timber boundary fencing and powder-coated steel front fencing. It sits on a generous 574m² north-facing allotment bordered by established gardens and looking out towards Maggs Street Park.

Internally, the home has undergone a brand-new renovation characterized by a soft neutral palette and restored original timber floorboards. The living areas are bright and open, featuring solid-core doors and casement windows that retain the home's character while providing modern functionality. A dedicated study overlooks the manicured front garden, and the main living area flows seamlessly into the dining space.

The kitchen is a focal point of the renovation, boasting custom Starkey & Christoe cabinetry, Caesarstone benchtops, and handmade Zellige tile splashbacks. It is equipped with premium appliances including a 900mm Fisher & Paykel induction cooktop, integrated oven, and NEFF dishwasher. A butler's pantry and laundry provide additional storage and preparation space. The home features three bedrooms; the master and second bedrooms include custom built-in wardrobes.

The bathroom has been newly renovated with a Yabby tapware suite, feature timber and stone vanity, and quality finishes. Exterior living is facilitated by an expansive rear deck covered by a fly-over roof, accessible via gas-strut servery windows from the kitchen. The property includes a new double carport with a B&D garage door and exposed aggregate driveway.

Crucially, this renovation extends to structural and utility improvements: the home has been comprehensively rewired and replumbed, featuring new wall/ceiling linings, extensive insulation (R2 acoustic/R5 Hi-Performance Gold), upgraded stormwater infrastructure, and a new electric hot water system. This combination of preserved character and substantial modern upgrades makes it a turnkey option for buyers seeking quality in a parkside setting.

Property Style & Condition

Overall
contemporary
excellent
Condition
Exterior
queenslander
excellent
Condition
Livingroom
contemporary
excellent
Condition
Bedrooms
contemporary
excellent
Condition
Kitchen
contemporary
excellent
Condition
Bathroom
contemporary
excellent
Condition
Yard
landscaped
excellent
Condition

Key Features

Brand-new renovation with exceptional attention to detail
574m² fully fenced, north-facing allotment
Located opposite Maggs Street Park
Custom Starkey & Christoe kitchen cabinetry and butler''s pantry
Caesarstone benchtops and handmade Zellige tile splashbacks
Premium 900mm Fisher & Paykel induction cooktop and integrated oven
Integrated NEFF dishwasher
Restored original timber floorboards
Three bedrooms with custom built-in wardrobes in master/second bedroom
Newly renovated bathroom with Yabby tapware and stone vanity
Expansive rear deck with fly-over roof overlooking gardens
Dedicated study overlooking front garden
Double carport with B&D garage door
Comprehensive rewire, replumb, and insulation upgrades
Three Mitsubishi split-system air conditioning units
Exposed aggregate driveway and new timber fencing

Specifications

Property Details
Property Type House
Stories 1
Parking Type carport
Construction wood frame
Windows double pane
Gas natural gas
Internet nbn
Location & Setting
Setting suburban
Lot Position interior lot
Views park
Nearby Amenities
Near parks
Near high school
Near primary school
Near bus stop
Rental Information
long term rental only

Exterior

deck
timber deck
covered patio
fenced yard
mature landscaping
garden
double carport
driveway
retaining walls
tankless water heater

Indoor

open floor plan
hardwood floors
kitchen island
quartz countertops
pantry
walk in pantry
laundry room
home office
built in shelving
ceiling fan
refrigerator
oven
induction cooktop
dishwasher
heat pump
split system
single story
Listed on 09 Sep 2026

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    Property     WAVELL HEIGHTS     LGA

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WAVELL HEIGHTS Statistics

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Crime in suburb of Wavell Heights QLD

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Crimes Committed

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Safety Rank

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Overall Crime

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Property Crime Chance 1 in X
State Average (Violent) 1 in 84

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  Investment Viability Engine · 2026 Tax Rules

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
Cash buffer & risk capacityCould you survive vacancy, rate rises and repairs?
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Calculating…Verdict ?
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Your take-home profit over — yrs ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

Mortgage Calculator

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Buyer Fees Calculator

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

Mortgage Affordability & Borrowing Capacity Calculator

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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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